This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
Digital
Apple profits boom, is an in-car music platform in development?
By CMU Editorial | Published on Thursday 22 April 2010
Apple enjoyed a 90% increase in net profits in the first quarter of their current financial year, which is nice. For them. Revenues were up 49% to $13.5bn resulting in $3.1 billion in profits. The iPhone and iPod continue to be key to the IT firm’s success.
Although Apple’s latest innovation, the iPad, doesn’t have any specific musical innovations attached to it, there is speculation the computing firm has some new music ventures in the pipeline. As previously reported, they recently patented a new mobile ticketing system which would download gig tickets, and related coupons and multi-media content to an iPhone.
There is also new speculation that Apple’s real interest in streaming music service Lala.com, which they bought last year, is to adapt the platform into a music service designed for in-car use, capitalising on the development of net connected dashboards in the US motor industry.
As previously reported, Pandora are already dabbling with an in-car version of their streaming service, and rumour has it Apple see Lala as their way to dominate that future market. Both of which would be innovations that, some reckon, could send the traditional radio industry over the brink.
